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Phil increases stake in club
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https://www.stevenagefc.com/news/2025/december/10/stevenage-fc-receive-new-capital-/?fbclid=Iwb21leAOmh7tjbGNrA6aHnWV4dG4DYWVtAjExAHNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABHmtFCjG8O3SFeKG5w6szfzYgoOycIqMkOM9rVTJ4ZtFKqqnXVxu23D9jkjw-_aem_8iE0bvjL486Rmz36PE5pCg
He said it's to replace our current losses. I'll have to admit I'm a bit out of my depth but if our losses for the 2024/25 tax year are 10.5% of the value of the club, despite our boosted attendances and low transfer spending, isn't that an issue?
My other thought is maybe this is us gearing up to spend some serious money (by our standards) on a new forward in January.
Edited by StirlingBoro91 at 17:10:36 on 10th December 2025
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Re: Phil increases stake in club
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Ultra wealthy owners creeping into the lower leagues is driving player wages up. Not uncommon for a NL player to be on 2k a week these days.
Basically everyone is fucked
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Re: Phil increases stake in club
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2k a week is an average wage these days.
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Re: Phil increases stake in club
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You should have added "tongue in cheek" unless you were referring to football circles. Average wage is no where near £100k/yr...try £40k.
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Re: Phil increases stake in club
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You should know better than to take anything WASP says seriously.
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Re: Phil increases stake in club
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Companies House shows he paid a share premium of £35 per new share issued so that's £1,575,000 that he's put into the club, which must be the magnitude of our losses.
He's basically writing off the club's losses with his own money and receiving new shares in return (which dilutes the other shareholders' percentage stake in the club, which was already very minor anyway)
Edited by Sev at 20:16:19 on 10th December 2025
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Re: Phil increases stake in club
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I'm guessing the other shareholders had the opportunity to chip in a few hundred grand between them to retain their % but decided they had better things to do with their cash.
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Re: Phil increases stake in club
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Agree but seems in recent times he has been injecting capital by this way instead of a Director loan account and writing it off, assume he has done that loads of times in past.Perhaps then now acquiring share with a view to future e g selling a large chunk in near future? Say this given his age and recent retirement.
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Re: Phil increases stake in club
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Perhaps given his age and recent retirement he may be thinking of loosening the purse strings a little to try and get us to the Championship. It’s his passion project, he has the means and now he has more time on his hands to dedicate to it too.
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Re: Phil increases stake in club
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True perhaps an know I keep going on about this but my worry is in the long term , we need a new Phil type not any Hollywood FC characters.
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Re: Phil increases stake in club
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Hollywood FC characters are doing just fine elsewhere...
Why wouldn't you want a famous multimillionaire over a septuagenarian multimillionaire?
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Re: Phil increases stake in club
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Hollywood ones might be doing ok at moment but nine times out of ten the celeb type owner projects end in teats .We need another steady Joe with wealth obviously.
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Re: Phil increases stake in club
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End in teats, sounds fine to me
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Re: Phil increases stake in club
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Could have been tits then or should I have said will end tits up😄
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Re: Phil increases stake in club
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Not sure the evidence supports that. "Rich" entrepreneurs with volatile assets tend to go wrong but people like Chansiri aren't 'celebrities'
(Not that i want Angry Ginge, Beyoncé or Tommy Fury owning the club...)
Edited by BALDOCKBORO at 11:17:38 on 11th December 2025
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Re: Phil increases stake in club
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It's as if professional football below the Premier League is completely unsustainable financially.
Most clubs would go bust (Boro included) without philanthropic funding from a benevolent owner (or owners).
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Re: Phil increases stake in club
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Right but we've always been one of the best run (from a financial perspective) clubs in the lower leagues.
Does anyone know how often Phil does these cash injections?
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Re: Phil increases stake in club
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The Ground naming was £500k a fair few years back when I went to a meet the Chairman event, L2 then, someone said it wasn't enough, PW wasn't impressed 🤦♂️
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Re: Phil increases stake in club
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I would have thought virtually every year that he's owned the club to varying degrees (since 2002?). The mechanism(s) for putting money in may have changed over the years though.
Edited by BrummieBoro at 17:49:32 on 10th December 2025
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Re: Phil increases stake in club
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Right but 10.5% is quite a lot. He can't have feasibly been doing that much every year.
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Re: Phil increases stake in club
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Have you seen his net worth?
He can afford it.
Neil Metcalfe broke this news last week.
Edited by BALDOCKBORO at 18:27:24 on 10th December 2025
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Re: Phil increases stake in club
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Yep. Shows the value of having Neil around as an independent reporter keeping tabs on the club.
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Re: Phil increases stake in club
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Right but it's not about if he can afford it but more about club sustainability surely?
I've always taken comfort from the fact that even when we had bad seasons we were still running better than 90% of clubs in the league from a financial perspective.
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Re: Phil increases stake in club
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And with this latest injection, we will still be sustainable.
But when Phil says "What’s clear though is that costs have risen dramatically in the past few years"
He means player wages, everything else is just normal inflation.
And as Chairman, he's voluntarily paying those wages at the level necessary to compete. He could refuse to play a part in wage inflation, but without all the other owners doing so, from the Conference to the Championship, he'd get crucified and we'd be rather uncompetitive.
So he either plays the game and keeps coughing up as costs spiral, or gets out, and he has no interest, fortunately, in getting off them pot.
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Re: Phil increases stake in club
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So I guess the question is how can we increase revenues to match the rise in wages?
Attendances obviously need to increase but that doesn't feel like enough.
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Re: Phil increases stake in club
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That's why the club has a nursery, a sports centre etc.
Not sure how much further we can diversify.
Not sure the function rooms and 76 lounge bring in much outside of matchdays, but could be wrong.
And the academy will do well to break even at our level.
We'd need a Ben Wilmot level sale every two seasons to turn a profit.
Edited by BALDOCKBORO at 18:53:34 on 10th December 2025
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Re: Phil increases stake in club
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We'd need a Ben Wilmot level sale every two seasons to turn a profit.
January is coming. And Ryan Doherty is in the shop window starting XI...
Edited by PeteH at 17:04:04 on 11th December 2025
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Re: Phil increases stake in club
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I’d disagree about the academy. I don’t have any figures, but the fag packet calculation from observance shows each of the 7 cages pulling in £100-150 per hour in the evenings. Almost £1k in total. Then multiply that by 4 hrs an evening, say at least 4 days a week. It adds up.
And besides, wasn’t the rumour (these last few years) that Phil was selling?? It’s almost like Borochat is a community of guesswork and speculation?! 😉
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Re: Phil increases stake in club
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Also the Academy is so important now to stop big boys just stealing players for nil .
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